State-owned India Post Payments Bank (IPPB) and Private Life Insurer Bajaj Allianz Life Insurance Co Ltd (BALIC) entered into a strategic partnership to provide life insurance solutions, especially at the doorstep of every household in the country.
This partnership will leverage IPPB’s last mile reach for building awareness about life insurance. Both the companies came together, to formally sign the Corporate Agency Agreement.
Source- The Hindu Business Line
Static/Current Takeaways Important for Indian Bank PO Exam 2018-
- IPPB has begun operations with 650 branches and 3,250 access points across the country.
- IPPB CEO- Suresh Sethi